His bankruptcy petition, which says he lives in Las Vegas, lists $20,850 in assets against $1.686 million in liabilities. Among the liabilities is some $506,000 owed to the IRS as well as various judgments and accounts in collection.

In other words, he totally has the money to hit the casino, right? We’re not bankruptcy experts, so let’s Google to find one.

Assets include future rights such as potential income tax refunds. Assets also include intangible things such as business goodwill, the right to sue someone, or stock options. All assets must be disclosed on the bankruptcy schedules and exemptions remove the exempt assets from property of the bankruptcy estate.